Indian agriculture has never lacked problems for technology to solve. What we underestimated was how difficult it is to build large, sustainable businesses around those problems.
The funding cycle tells part of the story. Indian agritech startups raised around $33 million in 2015, rising to $528.4 million by FY2021, according to Omnivore. By 2025, funding had fallen to around $202 million, according to Inc42. Yet the underlying agricultural economy continued to grow, with agriculture, livestock, forestry and fishing GVA increasing roughly 2.5x between FY2015-16 and FY2024-25.
